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Piper Sandler Companies (PIPR)
:PIPR
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.77Last Year’s EPS
2.79Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 31, 2025
|% Change Since: -1.05%
|Next Earnings Date:Apr 25, 2025
Earnings Call Sentiment|Positive
The earnings call highlights a strong financial performance for 2024, with record revenues in several segments and positive growth in advisory and corporate financing. However, challenges in the healthcare and depository sectors, along with increased expenses, present areas of concern. Overall, the positive achievements slightly outweigh the challenges.Company Guidance
During the Piper Sandler Companies' Fourth Quarter and Full Year 2024 Earnings Conference Call, management provided guidance highlighting significant achievements and future expectations. The firm reported adjusted net revenues of $499 million for the fourth quarter, marking their best quarter of 2024 and second highest quarterly revenues on record, with a 24.4% operating margin and an adjusted EPS of $4.80. For the full year, they achieved adjusted net revenues of $1.5 billion, a 19.7% operating margin, and an adjusted EPS of $12.69. Piper Sandler experienced 16% revenue growth over 2023, driven by a diverse range of industry teams, resulting in a 37% increase in net income. The company's advisory services generated $809 million in revenues for the year, with over half of firmwide net revenues coming from this sector for the fourth consecutive year. The firm completed 288 advisory transactions and ranked as a top three advisor in announced US M&A deals under $1 billion. Corporate investment banking revenues reached $983 million, up 17% from 2023, with sector gains led by financial services and record performance from the energy and power group. Looking ahead, Piper Sandler expects continued growth in advisory revenues and an increase in equity and debt financing activity in 2025, with a focus on expanding their geographic footprint and growing revenues from private equity clients. They aim to grow annual corporate investment banking revenues to $2 billion over the medium term.Record Quarterly Revenues
The fourth quarter of 2024 was the best quarter of the year, with adjusted net revenues of $499 million, marking the second highest quarterly revenues on record.
Strong Full Year Performance
For the full year 2024, adjusted net revenues were $1.5 billion, with a 16% growth compared to 2023 and a 37% increase in net income.
Advisory Services Success
Advisory services accounted for over half of firmwide net revenues, with 2024 being the second strongest advisory year on record. The firm completed 288 advisory transactions and ranked as a top three advisor on announced US M&A deals under $1 billion.
Corporate Financing Growth
Corporate financing revenues increased by 33% from 2023, reaching $174 million, driven by more equity financings.
Public Finance Growth
Municipal financing revenues increased by 47% from 2023, marking the second strongest year on record.
Equity Brokerage Record
Equity brokerage revenues reached a record $215 million for the full year, with a broad-based performance across high touch, electronic, and derivatives trading.
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PIPR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PIPR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 31, 2025 | $310.01 | $317.14 | +2.30% |
| Oct 25, 2024 | $288.93 | $279.99 | -3.09% |
| Aug 02, 2024 | $260.97 | $243.48 | -6.70% |
| Apr 26, 2024 | $190.66 | $195.75 | +2.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Piper Sandler Companies (PIPR) report earnings?
Piper Sandler Companies (PIPR) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Piper Sandler Companies (PIPR) earnings time?
Piper Sandler Companies (PIPR) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PIPR EPS forecast?
PIPR EPS forecast for the fiscal quarter 2025 (Q1) is 2.77.
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